Bond sale plan targets downtown

Roselle trustees this week approved issuing $2.7 million in general obligation bonds to be used for completing the so-called Old Town block of downtown, between Prospect and Park Streets.

The funds will be used for property acquisition as well as public improvements in the area.

This will be the third time the village has issued bonds to finance its downtown redevelopment project

"We decided to roll $700,000 of old debt into the bond sale in order to get a better rate," said Village Administrator Jeff O'Dell. "We have already started the public improvements in the area and expect to be done by June."